GoodWag
About this raise: GoodWag, with a valuation of $3 million, is raising funds on StartEngine. The company provides a convenient and environment-friendly solution to pet waste. GoodWag’s flagship product, PooPail, is a two-in-one system that helps pick up and store pet waste. PooPail is durable and user-friendly, and has sold over 13,400 units to date and generated $1.5 million in lifetime sales. Sandy Stinson founded GoodWag in January 2020. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $1.24 million. The campaign proceeds will be used for debt elimination, research and development, marketing, company employment, and cash reserves.
Investment Overview
Invested : $28,575
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 07/25/2024
- Close Date
- 10/24/2024
$10,000
$1,235,000
$250
Equity - Common
Seed
RegCF
$1.00
$3,000,000
Company & Team
Company
- Year Founded
- 2020
- Industry
- Pet Health, Food, and Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
- $625,702
- Monthly Burn
- $30,102
-
Runway
- 1.5 months
- Gross Margin
- 17%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/24/2024 | StartEngine | $3,000,000 | $28,575 | Equity - Common | Funded | RegCF |